An in-depth discussion on BitGold
Bob Moriarty joins us to chat about the risks of investing BitGold. That said this is definitely a Company that could be changing the way people think of banking and money.
Click download link to listen on this device: Download Show
There is always a way if you have the will. It sometimes requires creativity though.
+1 🙂
YOU SUPPER ! Barbara ! ONLY GOLD !!!!!!!!!!!!!!!!!!!
Great insight Bob!
As a chart technician there are no indicators that (I use) which can be applied to a 10 day old stock, that’s why my purchase just above $4 is held in my Vegas account, pure roll of the dice!
Good luck to all
Bob, you saw it coming years ago, well its still not here and until key levels fall on the US equity charts one continues to ride the bull, the biggest red flag this month has been the $Trans chart, I’m watching closely the Exit sign.
Look at the action in BitCoin it was to replace currencies at the top of its hype yet its price value has been crushed!!…just saying, lol
The thing is JJ that bitcoin is still here.
If you would have bought into bitcoin early on you would still be smiling.
I like bitcoin and I also like bitgold.
I don’t like bailing out TBTF banks and watching them give themselves record bonuses.
John K I have no opinion of BitCoin its just a classic situation once again as the hype into the 1000+ level was it was going to replace paper currency as a main stream exchange, to me price means everything so losing 80% of its value suggests it was all hype, time will tell
Have you seen the chart jj? A bottom may be in sight.
I’m a real stickler so I only use stockcharts and a pure bitcoin chart they don’t provide, a bottom or a dead bounce heck 80% dives usually do bounce off the tarmac, lol
Far too many easy money making charts to follow, can’t dance with them all Bird
thanks jj
Hype JJ ?
5 years ago 10,000 bitcoin bought two pizza’s.
Today 10,000 bitcoin worth over 2.2 million.
pretty good value I think.
enjoy your pizza
thanks jj
According to GoldMoney, GoldMoney has 60,000 active customers and $1.5B in assets under management.
Here are the benefits that GM highlighted for their customers:
1. Reduced fees on dealing;
2. A plastic debit card allowing to spend your gold balance at any traditional point of sale, where credit/debit cards are accepted or to withdraw local currency from any traditional ATM;
3. The world’s first 24 KT gold plated debit card for customers with over $100,000 in their Holding;
4. A mobile application for iPhone, Android and Blackberry, allowing full dealing and payments capabilities (Apple Pay integrated);
5. An enhanced customer experience with updated payment methods (fund your account with credit card, ACH or SEPA);
6. Free global payments (for non-US resident customers);
7. Physical redemption in as little as 10 gram increments (GoldMoney Cubes);
8. Multilingual website in 12 languages
Matthew, are all those features being ported over to Bitgold? Are you saying I can get an account card and transact normally including using the ATM network on Bitgold?
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Thanks for the effort Bob. I am just trying to get up to speed on this thing and appreciated your input today….and t
….and that of Mrs Moriarty too!
Yes, I believe so, Birdman. There’s more info here:
https://www.goldmoney.com/company/news/bitgold
but I would email GM with any questions about the details.
Many thanks. If you hear more I would be interested.
Give em’ a call, Birdman. Ask lots of questions.
If I could get a connection worth a damn I probably would.
They don’t call it an “emerging market” for nothing
You are telling me!
I had a similar experience when I lived in Brazil back in 2011. It sure taught me patience and to rely on myself. If it don’t kill ya bird, it will make you stronger 😉
I try not to lose my patience over it anymore. Its not worth the effort. These days I just shrug if the system is down and do something else. But when I first came over….different story. I would curse a flaming blue streak at my phone and laptop the whole damn day. Maybe it did make me stronger!
Bird, I called and asked them and I was told any debit machine will work. Meaning I can buy gas at my local station and purchase in gold.(cant do that with bitcoin)
I can fly to many countries and transact in gold in all of them without worrying about exchanging currency, gold is currency everywhere.
I should have asked them if I can buy gold in Spain fly to Canada and take physical in Canada without actually moving physical.
Thanks bb. When you say “them” are you talking about the Bit Gold people? Are they offering an ATM access card is my main question?
Bird, the debit card (they will be sending out soon) will be usable at any debit machine anywhere.
I asked them about moving physical (just called) they say a person has to have an address in the country they take possession of physical in.
People will be transacting business in grains of gold, the minimum amount a person can take possession of is 10 grams.
Any country? I live in Africa. I kind of doubt they reach this far.
Actually you got me there, logically it would be a county thy have a vault in so maybe I mis spoke.
I do not give trading advice on either gold, silver, the Dow or the $$. I am looking at the market over all. I was saying in 2002 that derivatives were going to blow up. That’s not market timing, it means I saw the same thing that Brooksley Born saw in 1998. She wasn’t wrong and neither am I.
You are a trader and make trading calls. I don’t. BitCoin was utter fiction and I called the top on that as well. It was a commodity for fools.
http://www.321gold.com/editorials/moriarty/moriarty013002.html
Bob
2 thumbs up on this one….really..
I sat and got a fill at $5 this am…..
(OT)
The idea that the Yuan will become a reserve currency goes mainstream
IMF Says Yuan No Longer Undervalued Amid Reserve-Status Push
http://finance.yahoo.com/news/imf-says-yuan-no-longer-101514923.html
Thanks for this interview, Bob, do you know if I can buy gold in one country fly to another and take physical in the next country?
I called bitgold and got the answer, it can be done as long as a person has an address in the country he is taking possession in.
See!? There’s ALWAYS a way.
Its one way to get your gold out of a country. Or currency I suppose.
A tv show I watched the other night about the Canadian boarder, $12000.00 confiscated.
They said they confiscated because it was over 10k, silly people, there was a group of them,
I guess they could have divided it up between them?
Bob M. said that you can view the traffic from people in other countries in Bitgold……..is this visual to see? where do you go to see that………..got a link?
http://www.infowars.com/senior-nato-official-well-probably-be-at-war-this-summer/
What do you make of this? Could it be legit?
Is it NOW in China and Russia’s best interests to try and crash the markets and the dollar in an attempt to stop the U.S. from starting Big Wars?
Sumac: The older I get the more cynical I get and no matter how hard I try, I can’t quite keep up with events.
Nato and the US have a 100 aircraft war game going on the border of Russia. We have warships floating in the Black Sea. Naturally 2nd Lt’s are a lot smarter than they used to be and nothing could possibly go wrong. China has told the US to stop flying spy planes over the disputed islands off Vietnam.
War has always been a great way to divert the masses from what governments have done to their currency.
A total crash in financial markets may be the only way of averting WW III the US seems determined to start.
Sadly, you will be right 🙁
Off message Bob. I would guess your sentiments are pretty much those of WW 2 veteran Major General Smedley Butler.
http://www.americanswhotellthetruth.org/portraits/major-general-smedley-butler
Correction WW 1.
ADB:
Smedley Butler was the most decorated Marine in history but his timeframe was WW I and the Banana Wars. He is most famous for his book, “War is a Racket.” Which it is.
The US and allies are engaged in actions that could easily result in the deaths of millions or billions. That’s pretty close to insane.
Not only “if you do not own gold you do not understand history or economics,”” but you are also ignorant of the Bible! Gold and silver have always been money! The world has always been on a gold standard.
The marijuana run was WAY better than the Bitcoin run. I made close to 400% on weed last year. I currently have a bag holder position on a Bitcoin stock. Holding…waiting.
Better than the bag holder for the dope!
Thanks Bob and Cory and well said Barbara – Jim Willie (wisely) never bothers to look at the price of gold on a daily basis. The premiums are ridiculously low given that the insurance money for the approaching tsunami is almost upon us.
As for the naysayers re bitcoin it’s here to stay. Nick Williamson (16 mins into his Max Keiser interview) and whose company is based in the Isle of Man has helped some 25 companies on the island switch to crypto-currencies.
Re bit-gold Eric Sprott is worth a listen on KWN – Price of precious metals stands to go sky-high, more so if alongside bit-gold we get to include bit-silver.
Eric said so eh?…..groan.
He would have a little more cred if he told us when. Because ANYBODY can say gold will go higher one day and they will all be correct one fine day.
Thats what Ive been saying too Bird.
I use to like Eric but very little now. The smartest guy in the room (Sprott inc) ran out in 2009…When I talked to JFT last year he became bullish on the US and told me they are not printing near enough to be of concern. He has made nothing but money.
I kind of think the Sprott team does not know who their audience is these days. The crazy camp gold bugs are gone…the general public is not interested. So that means the people who are actually still listening to the interviews are for the most part long term serious gold consumers. A better informed group and an older group too. They have to stop kidding themselves that these people are going to be taken in by the endless pumping and promoting since we all know the lines already! Especially after a four year drought.
Andy…….Jim Willie has a great interview at Silver Doctor………..J.ootb
Bob Can’t stand Willie…
In 2009 JW said that there were 5600 gold plated tungsten bars coming from China. I said there wasn’t. Not a single one has showed up anywhere. He and Silver Doctors had proof. They refuse to show it. They made it up to get subscriptions.
Ha! I remember that gag Bob. Too funny.
Have listened to the first hour Frank – thanks. Willie’s always a great listen.
I liked the part where he said………JACK RUBIE’S LANDLORD WAS BUSH….., kind of makes Bush part of the JFK STORY………………..
ADB:
You have made a great point that all the rest of us have missed. When BitGold goes big, the real demand for gold will increase a lot. And for the most part, that gold will go out of the market for a long time. I suspect the BitGold accounts will be more savings account and less demand accounts.
Bob, if the government freaks of the world will leave Bitgold alone and let the markets work, it could dwarf anything ever seen in gold.
But they will not leave it alone or allow it to function openly and freely I suspect.
So for us stupid *** Americans who have few choices but who own the stock and unfortunately have this degenerate US government albatross hanging around out necks will have to closely monitor the stock for regulatory changes ahead from the powerful crony monopolist western elite.
V
I was wondering if you can get double indemnity bitgold insurance on your wife, nudge, nudge, wink, wink!
Around the full moon maybe DT!!
or a low tide……..
Irish you’re back. Welcome!
DITTO……………….
btw Nathaniel Popper’s fascinating book ‘Digital Gold’ has just been reduced in price by £3 on amazon as an ebook..
May 26 Saudi’s Have Israel Nuke Yemen for Them VT
321 gold reports the idf “nuked” Yemen.
bb:
321gold linked to a piece that said the IDF nuked Yemen. But if you want to see what a mini-nuke is, that’s exactly what it looks like.
Bitcoin or Bitgold is just an excuse to create the appearance of a credible currency but without having anything of value being exchanged or possessed by the transacting parties. I say create nothing but gold, silver and base metal coins and get rid of the rest.
Make it a death penalty offence to debase the coin or legislate in favor of debasing the coinage. That’s if you are serious about an honest monetary system.
I think we have moved beyond 12 century thinking Steven.
I heard that BitGold is onlly PAPER-BACKED… so about as useful as GLD.
No BitGold for you in the US.